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Crude oil prices hold steady Friday
Monday, October 6
UPI NewsTrack Business
U.S. markets open Monday with stumble
NEW YORK, May 5 (UPI) -- U.S. markets opened with a stumble Monday with shares of Yahoo! falling 21 percent on Microsoft Corp. (NASDAQ:MSFT)'s decition to end negotiations during the weekend.
After three months of Yahoo! and Microsoft mostly jockeying for position, Yahoo! Chief Executive Jerry Yang held out for $37 a share and Microsoft chief Steven Ballmer walked away from the formal talks, having offered $33 per share.
The Dow Jones industrial average dropped 96.15 points in late morning trading, off 0.75 percent to 12,962.05. The Standard & Poor's 500 index fell 8.10 or 0.57 percent to 1,405.80. The Nasdaq composite fell 11.81 or 0.48 percent to 2,465.18.
The 10-year treasury note gained 4/32 to yield 3.86 percent.
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